Jefferies Group LLC Boosts Lantheus Holdings, Inc. (LNTH) Price Target to $27.00

Lantheus Holdings, Inc. (NASDAQ:LNTH) had its price target lifted by Jefferies Group LLC from $22.00 to $27.00 in a research note issued to investors on Friday. They currently have a buy rating on the medical equipment provider’s stock.

LNTH has been the subject of several other research reports. Zacks Investment Research cut shares of Lantheus Holdings from a buy rating to a hold rating in a research report on Wednesday, September 20th. Cantor Fitzgerald began coverage on shares of Lantheus Holdings in a research report on Monday, July 17th. They set an overweight rating and a $22.00 price objective for the company. Credit Suisse Group upped their price objective on shares of Lantheus Holdings from $19.00 to $23.00 and gave the stock a neutral rating in a research report on Friday. Wells Fargo & Company raised shares of Lantheus Holdings from a market perform rating to an outperform rating in a research report on Thursday. Finally, BidaskClub cut shares of Lantheus Holdings from a strong-buy rating to a buy rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $20.40.

Shares of Lantheus Holdings (LNTH) traded up $1.00 during trading on Friday, hitting $23.30. 926,569 shares of the stock were exchanged, compared to its average volume of 411,572. The company has a market capitalization of $836.38, a PE ratio of 19.91, a PEG ratio of 1.63 and a beta of 0.92. Lantheus Holdings has a 52 week low of $7.95 and a 52 week high of $23.00. The company has a debt-to-equity ratio of -3.41, a quick ratio of 2.46 and a current ratio of 2.96.

Lantheus Holdings (NASDAQ:LNTH) last announced its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $79.94 million during the quarter, compared to analysts’ expectations of $77.18 million. Lantheus Holdings had a net margin of 9.59% and a negative return on equity of 46.45%. Lantheus Holdings’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. equities analysts anticipate that Lantheus Holdings will post 1.1 EPS for the current year.

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In other Lantheus Holdings news, CFO John W. Crowley sold 6,755 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $18.41, for a total transaction of $124,359.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David F. Burgstahler sold 230,685 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.25, for a total value of $3,979,316.25. Following the transaction, the director now directly owns 13,248 shares of the company’s stock, valued at approximately $228,528. The disclosure for this sale can be found here. Insiders have sold 903,099 shares of company stock valued at $15,443,485 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LNTH. State of Alaska Department of Revenue acquired a new position in Lantheus Holdings during the second quarter worth about $102,000. Municipal Employees Retirement System of Michigan acquired a new position in Lantheus Holdings during the second quarter worth about $107,000. LS Investment Advisors LLC acquired a new position in Lantheus Holdings during the second quarter worth about $112,000. Quantbot Technologies LP acquired a new position in Lantheus Holdings during the second quarter worth about $117,000. Finally, Sei Investments Co. raised its stake in Lantheus Holdings by 189.6% during the third quarter. Sei Investments Co. now owns 7,829 shares of the medical equipment provider’s stock worth $139,000 after acquiring an additional 5,126 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Lantheus Holdings Company Profile

Lantheus Holdings, Inc is engaged in the development, manufacture and commercialization of diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases. Its imaging agents and products are used across a range of imaging modalities, including echocardiography and nuclear imaging.

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